Tema Container Terminal

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Antrak Ghana and SDV, both part of the Bollore Group, constructed a new container terminal at the Tema Port. The facility, whose construction works were completed in Mar. 2001, occupied a total area of 60,000 square meters. It was expected to handle about 45,000 containers annually (75,000 TEUs). The terminal was constructed to ease the increasing congestion in Ghana's seaports (particularly the Port of Tema). The terminal was officially commissioned in September 2002. The container facility has an annual throughput capacity of approximately 40,000 containers with storage for up to 1,600 full and 3,000 empty TEUs. In October 2008, Bollore announced it was to seize the brand names of Antrak and SDV, and use Bollore Africa Logistics instead. Meridian Port Services took over the facility in February 2007. Bolloré Africa Logistics is the MPS Terminal port operator, in Tema. APM Terminals owns 35% of MPS, while Bollore Group owns another 35%. The government's Ghana Ports and Harbour Authority owns 30%. Meridian Port Services (MPS) is made up of GPHA, Maersk, and the Bollore group. The shareholder value is 30% for the Government of the Republic of Ghana/GPHA and 70% for Meridian Port Holdings Limited, which is in turn a joint venture with Maersk and the Bollore group. MPS has been granted a concession to operate the container terminal on Quay II (berths 1 & 2) for 20 years during which an annual lease fee as well as a royalty of 25% of gross stevedoring revenue and 10% of gross shore-handing revenue will be paid to GPHA. The MPS terminal was being operated as a common user facility and vessels will continue to be berthed on a first come first served basis. The superstructure investment by MPS is $35.0m. The infrastructure investment by MPS is $54.0m. GPHA has also invested in extending and modernising Quay 2 and has purchased and installed four Rubber Tyred Container Gantry Cranes and three Ship to Shore Cranes. The construction and finishing works were completed in February 2008. http://www.bollore.com/groupe/en/index.html Sponsor update needed. Terminal taken over in 2007 by MPS, concession altered? Unclear.